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Which of the Following Entries Records the Receipt of Cash \quad

Question 21

Short Answer

Which of the following entries records the receipt of cash for 3 months' rent? The cash was received in advance of providing the service.
A. DR Cash \quad CR Rent revenue

B. DR Cash \quad CR\mathrm { CR } Unearned revenue

C. DR Cash \quad CR Prepaid rent

D. DR Cash \quad CR Rent expense

Correct Answer:

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